We like this spinoff and its former parent

KAR AUCTION SERVICES INC. $25 (New York symbol KAR; Manufacturing & Industry sector; Shares outstanding: 133.4 million; Market cap: $3.3 billion; Dividend yield: 5.6%; Takeover Target Rating: Medium; www.karauctionservices.com) sells used and salvaged vehicles at 250 physical auction sites in North America and over the Internet. The company… Read More

Takeover Spotlight

HUDSON’S BAY CO. $9.85 (Toronto symbol HBC; Consumer sector; Shares outstanding: 184.1 million; Market cap: $1.8 billion; Takeover Target Rating: Highest; Dividend yield: 0.4%; www.hbc.com) operates Canadian retail chains Hudson’s Bay and Home Outfitters; HBC Europe; Lord & Taylor; Saks Fifth Avenue and Saks Fifth Avenue Off 5th.
On… Read More